Coats scheme completes £350m buy-in with Aviva

The bulk annuity deal insures the DB liabilities for around 3,700 members

Holly Roach
clock • 1 min read
Coats scheme completes £350m buy-in with Aviva

The Coats UK Pension Scheme has completed a £350m bulk purchase annuity (BPA) buy-in transaction with Aviva, insuring the defined benefit pension liabilities of around 3,700 members.

Through the deal, Aviva has removed the investment and longevity risk for scheme members and confirmed members will see no change in the amount of their benefits or the way in which they are paid. ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

M&G completes £500m BPA deal that shares value with corporate sponsor

M&G completes £500m BPA deal that shares value with corporate sponsor

Transaction secures the benefits for around 3,200 pensioner and deferred members

Martin Richmond
clock 25 November 2024 • 3 min read
Aviva completes £1.7bn buy-in with National Grid scheme

Aviva completes £1.7bn buy-in with National Grid scheme

The buy-in insures the benefits for 5,800 pensioner members of the utility firm

Jonathan Stapleton
clock 25 November 2024 • 2 min read
Updated: The biggest buy-ins and buyouts since 2007

Updated: The biggest buy-ins and buyouts since 2007

Professional Pensions rounds up the largest block transfers of liabilities to insurers

Professional Pensions
clock 25 November 2024 • 1 min read
Trustpilot